Indices edge up

Indices edged up as a result of price gains in counters such as Dialog Axiata, John Keells Holdings and Lanka Orix Leasing Company with the turnover crossing Rs 594 Mn. High net worth and institutional investor participation was witnessed in National Development Bank, John Keells Holdings and Commercial Bank. Furthermore, foreigners remained active closing as net buyers mainly due to foreign purchasing in National Development Bank.

Banks, Finance and Insurance sector was the top contributor to the market turnover (due to National Development Bank, Commercial Bank, Hatton National Bank and Sampath Bank) whilst the sector index edged up by 0.11%. The share price of National Development Bank increased by Rs 1.90 (1.83%) closing at Rs 105.60 whilst foreign holdings increased by 1,207,763 shares. The share price of Commercial Bank moved down by Rs 0.20 (0.18%) to close at Rs 112.80. The share price of Hatton National Bank recorded a loss of Rs 0.80 (0.37%) to close at Rs 214.50. The share price of Sampath Bank declined by Rs 3.20 (1.37%) to close at Rs 230.40.

Diversified sector was the second highest contributor to the market turnover (due to John Keells Holdings) whilst the sector index edged up by 0.08%. The share price of John Keells Holdings gained Rs 0.90 (0.59%) to close at Rs 154.00.

Meanwhile, Ramboda Falls announced its interim dividend of Rs 0.50 per share.